Insider Buying: Standard Lithium Ltd (CVE:SLL) Insider Purchases 50,000 Shares of Stock

Standard Lithium Ltd (CVE:SLL) insider Anthony Alvaro purchased 50,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of C$1.05 per share, for a total transaction of C$52,500.00. Following the completion of the purchase, the insider now directly owns 1,000,000 shares of the company’s stock, valued at C$1,050,000.

SLL stock traded down C$0.01 during midday trading on Tuesday, reaching C$1.02. The company’s stock had a trading volume of 231,586 shares, compared to its average volume of 133,873. Standard Lithium Ltd has a 52 week low of C$0.39 and a 52 week high of C$1.54. The stock has a market cap of $101.31 million and a PE ratio of -16.09. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 10.39. The business’s 50-day simple moving average is C$1.06 and its 200-day simple moving average is C$0.84.

Separately, HC Wainwright raised their price objective on shares of Standard Lithium from C$1.70 to C$1.80 in a research note on Wednesday, May 20th.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. The company's flagship project is the Smackover lithium brine project covering an area of 30,000 acres of brine leases located in southern Arkansas. It also holds interest in the Bristol Dry Lake project that covers an area of approximately 155 square kilometers located in the Mojave region of San Bernardino County, California.

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